Poland: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Poland

The Polish carboxylic acid market declined to $X in 2021, falling by -5.7% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by +0.8% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Carboxylic Acid Production in Poland

In value terms, carboxylic acid production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.9% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 79%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Carboxylic Acid Exports

Exports from Poland

In 2021, shipments abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions increased by 27% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports saw resilient growth. The growth pace was the most rapid in 2015 when exports increased by 126% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, carboxylic acid exports surged to $X in 2021. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2018 when exports increased by 84%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons), Colombia (X tons) and Brazil (X tons) were the main destinations of carboxylic acid exports from Poland, together accounting for 55% of total exports. These countries were followed by Australia, Russia, Italy and Austria, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +60.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carboxylic acid exported from Poland were Russia ($X), Australia ($X) and Brazil ($X), with a combined 44% share of total exports. Colombia, the United States, Austria and Italy lagged somewhat behind, together accounting for a further 38%.

Austria, with a CAGR of +73.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carboxylic acid export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+8.0%), while the prices for the other major destinations experienced mixed trend patterns.

Carboxylic Acid Imports

Imports into Poland

In 2021, purchases abroad of carboxylic acid with alcohol, phenol, aldehyde or ketone functions increased by 2.5% to X tons, rising for the fifth year in a row after three years of decline. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, carboxylic acid imports expanded to $X in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.3% against 2016 indices. The growth pace was the most rapid in 2018 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), France (X tons) and China (X tons) were the main suppliers of carboxylic acid imports to Poland, together accounting for 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +41.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest carboxylic acid suppliers to Poland, together comprising 58% of total imports. These countries were followed by France, Italy, Belgium, India, South Korea, South Africa and Thailand, which together accounted for a further 32%.

South Korea, with a CAGR of +24.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carboxylic acid import price stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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